The Audius platform is officially counting down the end of the old music industry and rise of something new with the platform's mainnet launch announcement. Audius is a blockchain-based streaming startup that is peer-to-peer, which allows artists to be paid royalties instantly through a native digital currency.
The company has enlisted RAC and deadmau5, who have previously embraced the project as ambassadors, to perform live this Friday on Twitch. The concert should be a flashpoint for the app, which has already posted explosive month-over-month growth of 30%. The mainnet launch, signifying the rollout of the blockchain product, is a necessary next step that will spur mass adoption.
Despite being a small fish in a large pond, the uniquely decentralized platform has had no trouble attracting users. Audius has thus far onboarded 40,000 artists and signed up 750K users.
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Fans can RSVP to the October 23rd show, which kicks off on Twitch at 8:30PM CDT, here.